https://www.taxtmi.com/caselaws?id=334190 The High Court upheld the decision in favor of the Revenue regarding the applicability of Section 22 and 23 provisions to the Assessee's properties, emphasizing ownership principles for taxation purposes. The Court rejected the Assessee's argument for taxing the properties as business income. However, the Court confirmed that the issue of depreciation on shuttering material and tabular scaffolding had already been settled in favor of the Assessee by a previous decision. As a result, the appeal was disposed of accordingly. en-us Tue, 26 Jul 2016 00:00:00 +0530 Tue, 31 Jan 2017 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334190 The High Court upheld the decision in favor of the Revenue regarding the applicability of Section 22 and 23 provisions to the Assessee's properties, emphasizing ownership principles for taxation purposes. The Court rejected the Assessee's argument for taxing the properties as business income. However, the Court confirmed that the issue of depreciation on shuttering material and tabular scaffolding had already been settled in favor of the Assessee by a previous decision. As a result, the appeal was disposed of accordingly. Case-Laws Income Tax Tue, 26 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334190